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<p>On an annual basis BEIS publishes updated energy and emissions projections, which
are located on the BEIS website. In the latest report published 11 April 2019, renewables
are projected to form 59% of the UK's electricity generation by 2030 (under the reference
scenario). Up to the early 2020s, the reference scenario reflects current power sector
policies. Beyond the early 2020s, the reference scenario includes assumptions that
go beyond current Government policy. The results do not indicate a preferred outcome
and should be treated as illustrative.</p><p> </p><p>Since 2003 the Government has
made £174m innovation and grant funding available to wave and tidal stream technologies
with £80m of that since 2010. Wave and tidal stream projects benefitted from the highest
level of support under the Renewables Obligation (5 RO Certificates/MWh) and are eligible
to enter the forthcoming Contract for Difference allocation round. As set out in the
Clean Growth Strategy, wave and tidal stream technologies could have a role in the
long-term decarbonisation of the UK, but they will need to demonstrate how they can
compete with other forms of generation.</p><p> </p><p>Solar PV is a UK success story:
under the RO and Feed in Tariff schemes, both of which have now closed, a total of
12.3GW of solar PV capacity was delivered. We are now exceeding our historic projections
on solar PV deployment. In 2013 we estimated that solar capacity would reach 10-12GW
by 2020, but latest figures indicate that we already have over 13GW of solar capacity
installed in the UK; enough to power over 3 million homes. Subsidy-free deployment
of solar PV may be a viable option for developers in future, with two such sites having
already deployed in the UK, and the planned construction of two more large-scale subsidy-free
solar projects was announced in February 2019.</p>
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